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investors? we ask technology analyst scott kessler. >> tom: and the comeback in housing could be a boon for truck sales. how u.s. automakers are getting ready for a pickup in pickup sales. >> susie: that and more tonight on "n.b.r." on early economic numbers as well as from the corporate corner. we'll have more on facebook and its big announcement coming up in a moment. over all, stocks were lower with investors reacting to some weakness we saw in u.s. manufacturing. buyers, though, were able to step in, with the blue chips moving higher. it was disappointment over the facebook announcement that led to more selling in textbook shares as apple's stock continued for the second day in a row. the dow industrials closing up 27 points, and the nasdaq lost six, with the s&p 500 rising almost two points. >> as tom mentioned, we got an early read on how american factors are doing. and it is not good. manufacturing contracted for the sixth straight month. and the federal reserve tallied the numbers and said the index for december was pressured by a drop i in new orders and shipment. and the condi
more powerful, they're also more fuel efficient and loaded with new technology. ruben ramirez reports. >> reporter: if 2012 was the year of the fuel efficient "green car," 2013 is shaping up to be the year of the truck. the big three-- gm, ford and chrysler-- all are out with new 2013 models or concept pickups that will start hitting showrooms over the next few years. the three are fierce competitors in the full-size pickup segment where profit margins are larger compared to cars. jeffries auto analyst peter nesvold says automakers make $12,000 to $15,000 in profit for each full-size truck they sell. >> to put that into perspective, small cars might be anywhere from $2,000 to maybe $4,000. so when you get that shift towards trucks, that's quite powerful to earnings. >> reporter: g.m. has two new models, the chevy silverado and g.m.c. sierra. >> the truck margins are still certainly strong for us; they continue to be for the entire industry. and with this new truck, that'll be no different, but it's still a great value for the customer. >> reporter: even with the higher margins, buyers
with your technology what you choose to know someone in the technology business, please go ahead because that could make money when talking. thank you strobe for having me here today, welcoming us to the brookings innovation. this guide a stellar panel, sockets are my remarks quickly because i know you can't do your job, not me. i did watch reflect our first panel was over three years ago. at a time where in the depths of the great recession, the unemployment rate is 10%. the last 8.5 million jobs. pausing to remember that. a lot of face had a moment of great national crisis. brookings i think thunderstorms great leadership choose to the two is the future. how do you grapple with today's problems in order to create a brighter future? one of the things they did a search or heard of witness today, the growth renovation program. we have policies to unleash private sectors. we weren't under illusions that government creates jobs are innovation, they can create conditions under which those can be fostered. and because we beat the need for growth on the heels of the great recession is a vital
an ♪♪ using robotics and mobile technology, verizon innovators have made it possible for teachers to teach, and for a kid... nathan. tadpole. ... to feel like a kid again. because the world's biggest challenges deserve even bigger solutions. powerful answers. verizon. osgood: what we expect of our presidents, how successful any individual president has actually been is a matter of debate historically. as is the entire question of what constitutes great leadership in the first place. our sunday morning cover story is reported now by barry pederson. >> i'm not going to exploit for political purposes my opponent's youth and inexperience. (laughing). >> reporter: we laugh with them. we cry with them. >> they had their entire lives ahead of them. birthdays, graduations weddings weddings. >> reporter: and with hollywood's help for movies like "the american president," we heap on them our greatest expectations. >> they want leadership. they're so thirsty for it they'll crawl through the december it for a mirage. when they discover there's no water they'll drink the sand. >> reporter: presidentia
the stock. but are you also not a fan, a real fan of technology. why not? >> well, look, we look at a few things when we make our recommendations, susie. we look at the the achieve ability. are the estimates achievable. i think for tech it is tough right now. a lot of the conditions in the economy are slow. it spending is to the really that great. so i don't know if the estimates are that achievable. i also think that yeah, better risk/reward in other sectors in the market. we're trying to advise our clients how to outperform the s&p. i think there is better opportuniy. within tech there are some things we like where recommending suck stocks for example. i think that is one economically sensitive area that the stocks haven't participated that much in the rally. >> susie: let's talk about the areas that have been telling your clients, morgan stanley clients which direction to go. you have three big themes for your clients. buy stocks with from american companies with exposure to china, positive on china. buy dividend paying stocks and you like very large stocks, what you call megastocks. w
the yellp announcement, he serves as a chairman of innovation and technology and coming up we will tell you about a similar program in los angeles and how it changed the way acted in response. tara moriarty, ktvu channel 2 morning news. >>> time now 5:34 san francisco police may stop pharmacies but thieves are trying to steal highly addicted pain killers like oxy cotton. two drug stores were hit earlier this week and a palo alto wall greens was hit. they are now planning gps devices and fake bottles to try to track those thieves. >> the closest thing you can think of which we can do the gps on for robberies and thankfully bank robberies are way down. >>> they have used them to track stolen cell phones and nationwide, robberies have invested 70% -- have increased 70% since 2010. >>> they are protesting the nudity ban and they will hear a class-action suit claiming first amendment rights. they exempt the events such as the beta breakers. >>> new this morning, some of the best companies to work for are right here in the bay area. janine de la vega joins us now from mountain view to explain why
has the technology and services to help you solve it. it's nice to have the experience and commitment to go along with you. aarp medicare supplement insurance plans, insured by unitedhealthcare insurance company. keep dreaming. keep doing. go long. >> osgood: and now a page from our sunday morning almanac. january 20, 1993. 20 years ago today. the day movie fans lost a beloved star and children around the world lost a devoted champion. for that was the day audrey hepburn died of cancer at the age of 63. born in brussels in 1929, she was saved from starvation at world war ii's end by the united nations relief and rehabilitation administration. she studied ballet in holland and won minor stage and film roles in england before landing on broadway in the play "gigi" in 1951. from there it was on to hollywood. she costarred with gregory peck in the film roman holiday for which she won an aadd me award. she earned lasting fame for herself and her classic black dress as go lighty in the 1961 classic breakfast at tiffany's. >> i never could do that. it's easy. >> reporter: she played opposite
important using this kind of technology. i like the technology. it's not 100% perfect but we have come a long way to really get to know what our patients are doing. are they compliant? are they really taking? that in the long term, gretchen, can reduce millions of dollars off of our health care costs. >>gretchen: and potentially violent crimes if some of these people are mentally ill and not taking their medications. but here's the problem, and we know this is the rub in the situation, number one, is it ethical? number two, there are so many laws now that protect the rights of the mentally ill, sometimes that super seeds the rights of the individual victim in many of these cases. the court says you can't force these people to take meds. >> unfortunately, that's part of the shortcoming of the system. they have rights, of course. when it comes to serious mental illness, you may have to get a court order to be able to do this. when you talk about psychiatric illnesses, you have bipolar, you have depression, manic. the problem with their medications can really throw them off. schizophrenia
? ♪ whatever your business challenge, dell has the technology and services to help you solve it. whatever your business challenge, for over 60,000 calieelong and lonely. i miss my sister. i miss my old school. i miss my room. i don't want special treatment. i just wanna feel normal. to help, sleep train is collecting pajamas for foster children, big and small. bring your gift to any sleep train, and help make a foster child's night a little cozier. not everyone can be a foster parent, but anyone can help a foster child. >> health care costs, taxes, regulations, all worries for small businesses. what do business owners expect to see from president obama in the next four years. from a technology company joins us, nice to see you, nick. >> thank you greta for having me back. >> greta: what do you expect from the president and what would you like in the next four years. >> i'd like lower taxes and regulations, but i don't expect that from this administration. it was an interesting new year's eve when the small businesses owner across the country and we kept one eye on the ball on times square com
. meanwhile, in technology shares wait on south korea kospi ending lower with 1.2%. in australia, the asx 200 ended just a touch below the line. miners were weaker. more on that from our guest later in the show. back to you, ross. >> thanks for that, swish won. catch you later. >>> here are a couple of things to check out online as we head to break. as washington continues to bicker over the debt ceiling, global markets appear to be shrugging off the inside. meanwhile, has president obama just taken the u.s. default off the table? the white house is looking at several measures in the event the debt ceiling might be weakening, find out why a rebound in commodity prices could help to keep the aussie -- dollar strong. >>> and coming up on the program, what will this year bring? we'll be in asia to look at how china's rebound in demand will be key. >>> welcome back to the program. some potentially big deal news, dell has reportedly held recent talks with private equity firms about taking itself private. "the wall street journal" reports ppg and silver lake partners have talked with the company in
, excited, looking forward as being the most technologically airline out there. the plane has had some issues recently. a nippon flight had to make an emergency landing because of battery problems. a japan's airline had to be grounded at logan airport a few days ago because of a battery that exploded while at the gate and now a flight that had passengers from japan to san jose originally on the dreamliner had to come back to the bay area on a nondreamliner aircraft on united airlines. we spoke to some passengers on the inaugural flight in the bay area. here's what they had to say. >> from what we understand from leaders in the airline industry, it's probably a one or two-week delay or inconvenience and then we're back literally on the ground after that. >> reporter: here in san jose, there was a flight that was supposed to fly out of here tomorrow afternoon but we understand that according to the a and a website, that flight has been canceled. and passengers may have to fly out of other airports, including snow. the airport did release a statement saying that sjc is supportive of the d
. our center for technology innovation this morning put out a paper entitled "smart policy: building an innovation-based economy." we propose a number of different ways in which we could use technology to improve education, health care and government performance. so if you didn't get a copy when you came in, there are copies out in the hallway outside the auditorium. in this particular session, we're going to discuss how our political leaderrers can better -- leaders can better address the problems that we face. in particular we're going to look at ways that we can get congress, the white house and federal agencies to perform at a higher level. what are the new ideas to change the manner in which government functions? are there responsibilities that can be foreverred to other levels of -- transferred to other levels of government, the private sector or nongovernmental organizations? to help us understand the benefits and barriers to government performance, we have brought together an outstanding set of speakers. to my immediate right is phil knight who's the chairman and cofounder of
this transition. we must lead it. we cannot cede to other nations the technology that will power new jobs and industry. we must claim its promise. that's how we will maintain our economic vitality and our national presence of forests and waterways, snow-capped peaks, crop lands. and how we will preserve our planet, commanded to our care by god. that is what will lend meaning to the creed our fathers once declared. host: the wall street journal on climate change has this. in flushing, new york, an independent. how are you? caller: good morning. i liked his speech, because it was different from the last one, because it concentrated on how to make america a better country rather than being the military police for the world. he was tempted to talk about north africa and al qaeda and all these things, but he wants to make america stronger. cost is too much. america is not respected, even spending all this money. how to make america big and strong, how to teach our kids, how to respect people, whether gay or lesbian. for me as an immigrant maybe 20 years in this country, i was one of the people
art and technology and engineering. it is a lot of fun. jeff: tell me about this car. it well outsold the nissan. what is your vision with this car? what is the market? how soon will it be at the market? and how much will it cost me? >> this car will be out in january of next year. this car test really well. in areas where cadillac has baby not been so strong. it tests very well in the coast and the northeast. there is a market for a luxury car. very comfortable. it also has the added effect of being good for the environment. jeff: this not only has the electric propulsion system, but it has a generator onboard. >> you get to a certain point, the generator will kick in and recharge the battery. you can go for hundreds of miles. jeff: you see all of these folks interested. the concept is electric cadillac. it is pretty exciting to a lot of people. >> there is nobody in the luxury space that can do this right now. we will only make so many for so long. it will be on market in january. jeff: nice. bob ferguson. spent a lot of time in washington. you did a pretty good job. everyone seems
. what do business owners expect to see from president obama in the next four years. from a technology company joins us, nice to see you, nick. >> thank you greta for having me back. >> greta: what do you expect from the president and what would you like in the next four years. >> i'd like lower taxes and regulations, but i don't expect that from this administration. it was an interesting new year's eve when the small businesses owner across the country and we kept one eye on the ball on times square coming down and another on the reports coming from washington, what the negotiations were for the fiscal cliff. and when we returned back to work on january 2nd, our first call was to our tax advisors, and tax advisors across the country their phones are ringing off the hook on january 2nd, all of us learning what's going on in terms of the new legislation, that-- >> so, i'm curious, you know, what would you like to see the republican house do when it comes to a question of the debt ceiling in recognition of all of this economic-- all of these decisions have an impact on small businesses a
security. as always, use of this technology is optional." >> i don't mind as long as the flights are secure. >> the t.s.a. have not given us a date when the old scanners will go here at dulles and the new ones will come in, we just know by june it will be done. >> thank you. prince george's emergency personnel are mourning the loss of a canine officer. thunder died today after a battle of cancer. the dog served with the department for nine years before being retired in suspect. they call thunder a dedicated partner and a beloved family pet. >> it is the confession that has the cycle world reeling tonight. >> yes or no, in all seven of your tour de france victories did you take banned substances or blood dope? >> no. >> that was part one of his interview with oprah winfrey where he came clean about using performance-enhancing drugs. he still has a long way to go in a rec sill yation process. they are asking hip to confess to bring an end to this. the second part of the interview airs tonight. >> for our area the past 24 hours represents that snow th
-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. [ male announcer ] born from the elements, destined to take them over. ♪ the sirius xm satellite radio in the 2013 ram 1500. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. >>> the most powerful country. >> i love you. >> a little guitar swap for brad paisley here in this capacity crowd in one of two inaugural balls in the d.c. convention center. 20,000 people at this one alone. good to see you all. i'm brooke baldwin. let me tell you a bit of a back story. there was a ticket kefuffle and a lot of people who wished they were here tonight are not here. i'm standing next to a lucky couple who thanks to their senator, patty murray, from the state of washington, are here. this is sharon and blake. they're from washington state. you got this gown like last week. you found out, you wanted the tickets, you didn't get the tickets. this is your first inaugural ball. what do you make of this? >> it's crazy. i'm so excited to be h
comforters. all designed around the sleep number bed: a bed with dual-air technology that allows you to adjust to the support your body needs. each of your bodies. in the name of human individuality: the sleep number collection. discover how our sleep ofessionals can individualize your sleep experience. exclusively at one of our 400 sleep number stores nationwide. sleep number. comfort individualized. save $500 on our special edition bed set. plus, 48-month financing on all beds. now at the sleep number white sale. >>> a developing story this morning. the state department is warning americans about traveling in algeria after a hostage standoff that came to a bloody end yesterday. forces stormed the natural gas complex in the sahara desert to end the standoff, and 23 hostages and 32 militants died and 800 hostages were freed in the four-day standoff, including americans. and in the warner, it warns of threats concerning westerners. >>> and talking about cutting gun vie runs, and honoring nonviolence protest. >>> this morning, five people are recovering from accidental shootings at thr
for the intense partnership and division that we see. technology, money, in politics, transportation, availability all of that adds to it. my first job after graduate school was on a senate staff, and presidential campaign that came out of it. in 1967, '68 and the first thing the senator kennedy said to me and the first day i started in may of 1967 and junior member of the legislative staff -- he was going to set up a series of meetings with some people with whom he disagreed about a lot of subjects. but loved the process. for the first couple of weeks i got to spend timen on the democratic side with senator long and russell. and on the republican side with senator dirkson. i think i come from that kind of experience doesn't happen very much anymore. it's one indication of the change. somehow we need more people and more thoughtful formings where those kinds of issues that effect our political process are discussed as well as substantiative issues. >> at the back. we'll have to wind it up. my name is paul. i'm a communications and marketing consult assistant. and the name of this panel is deficit
robotics and mobile technology, verizon innovators have made it possible for teachers to teach, and for a kid... nathan. tadpole. ... to feel like a kid again. because the world's biggest challenges deserve even bigger solutions. powerful answers. verizon. olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? to take a centrum silver multivitamin every day. i told him, sure. can't hurt, right? then i heard this news about a multivitamin study looking at long-term health benefits for men over 50. the one they used in that study... centrum silver. that's what i take. my doctor! he knows his stuff. [ male announcer ] centrum. the most recommended. most preferred. most studied. centrum, always your most c
're going to see that v v v vv ♪ using robotics and mobile technology, verizon innovators have made it possible for teachers to teach, and for a kid... nathan. tadpole. ... to feel like a kid again. because the world's biggest challenges deserve even bigger solutions. powerful answers. verizon. olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? . >> greta: did it principal go too far. and arnold schwarzenegger and starred in a spoof of the terminator and he called it the nominator and showed the parody film to students. >> some say he was sent from the future, but was he sent to save us? >> nominator. >> we are all doomed. >> greta: some parents are outraged by the violence in the principal's film and t
property against technology, and given that we're on the preferences of that funny divide where the tech sector is usually intellectual property in a way that doesn't compensate the people who make it. there are many other conversations to have about this at a later date. we are watching a lot of transition here. there are opportunities for all kinds of governmental and nongovernmental partnerships to come and, you had asked about other countries. france, and most of european union support netbook agreements. britain let go a long time ago and heard the publishing industry. prices set and firm. every bookstore maintains the same price. it allows -- >> are you part of the? >> not at all. i to think it hurts independent booksellers and business throughout your. i think it cuts publishers throughout europe and is provided riders -- >> one of the things that is maddening at the moment, and it partly brings out the web goes is a we should just -- everything should be free. >> this is the divide we're looking at right now. >> microsoft and people wanted to get rid of copyright. how can you hav
information is readily available. to nots no reason for us utilize the technology we have at hand. we let the government to a lot of smoke and mirrors. there's no reason why we cannot pay a flat tax and get rid of a whole lot of government. they utilize bills and tricks to separate us from our money. they're not trustworthy. anybody that thinks we have stressed representation, they're fooling themselves. we need to worry about doing something that is clear, people can understand. if we were doing a flat tax and people understood that, we would not to have this discussion about a debt ceiling. it does not make any sense to go spend money we don't have because we would not do it with our household budget or our business and we should not do it with our government. host: bruce is calling from tennessee. caller: thanks for taking my call. you never hear anyone in washington talk about cutting the amount of money we spend in other countries. everything they want to do, they want to take away programs here in the united states. but the people here are really hurting and depending on them. we ha
programs are inqad caught to the -- inadequate to the needs of our time. we must harness new technology to remake our government, revamp our tax code, reform our schools and empower our citizens with the skills they need to work harder, learn more, reach higher. but while the means will change, our purpose endures. a nation that rewards the effort and determination of every single american. that is what this moment requires. that is what will give real meaning to our creed. we, the people, still believe that every citizen deserves a basic measure of security and dignity. we must make the hard choices to reduce the cost of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [cheers and applause] for we remember the lessons of our past when twilight years were spent in poverty and parents of a child with a disability had nowhere to turn. we do not believe that in this country freedom is reserved for the lucky or happiness for the few.
. climate change, technological risk, property, government, silence and very slow moving but dramatic disasters. suffering a lot here in the united states like drought and future current future or the shortages. very often urbanization is talked about as a risk. i think you cannot just say risk. urbanization is also economic growth. it's opportunity, it's education, and it's also a many climate especially say it's the most economically efficient way of managing climate risk. you have so many people in one place, it might become feasibly financially from a different perspective. but in themselves all of the factors drive risk very rapidly. internationally if we take a quick look at the disaster trends and you if you follow disaster you will see that frequency and type of disasters have been more and more everywhere. and people ask themselves what is the reason for this? when you work in disasters, you tend less ponder the reason, and you have to address it. but you also have to say if it's a trend, which has been for forty years now. and what is it that we do in societies that actually
and technology, jessica three-legged stool. if one is too short, the stool falls over. if one is to launch, the stool falls over. they must be in balance to hold the weight of what we're trying to accomplish. to do this, one person at nice continue supporting resources in order to sustain the tracing of all guns and their processing. thank you. [applause] >> thank you, pete. i'm going to take this time out to open it up for some questions or comments. for anyone on the panel this afternoon so fire. we have folks again in the aisles of microphones. >> first of all, thanks to the organizers and participants had been so fabulous this morning. my question is a wonder anyone has the financial effects of these various regulations on gun dealers because that's the claim i often hear. i asked because of a public health professional, couldn't care to gun dealers make less money, but as a citizen interested in starting some local discussion several new hampshire and letter to the editor campaigns, i know that is something we would hear and i don't know if that claim is doing now, but if you likely h
down oil slicks, and it was equipped with a bat phone. pretty advanced technology for the 1960s. an unidentified buyer has coughed up, get this, $4.2 million for the bat mobile, which was auctioned off over the weekend. producers bought the original car for just $1. >> $1 and got $4 million. >> i loved that show. they hit each other and they would go, bam, pow. cat woman. >> it was a simpleler time. >>> coming up next, who is behind the embarrassing manti te'o hoax? will the notre dame football star take legal action? >>> first, the upset and excitement as baltimore and san francisco take their places at the super bowl. you're watching "world news now." with this flu season being the most severe in years, it's important to follow cdc guidelines to help protect your family. wash your hands often. and clean your surfaces using a disinfectant to prevent the spread of cold and flu viruses. you can trust lysol because lysol disinfectant spray is approved to kill twice as many germs than any other disinfectant spray. and with lysol no-touch hand soap, you have 10 times more protection
for mental health services and other services. we must look at sinking technology -- syncing technology to ensure proper and tighter access to firearms. we must place adequate controls on ammunition. bottom line, we must protect our schools, our communities, children and families must be safe. i respectfully ask my colleagues to make this issue of violence a priority and to support our nation's leadership as they work through resolving this challenge which should not be difficult. if we compromise and keep focusing on saving lives. madam chair, i pledge to support you and to support all my other colleagues with the congressional black caucus to make a difficult task safe and to protect the lives of our children and families from gun fire and a culture of violence. . ms. fudge: i thank the gentlelady from ohio for participating. we certainly know how difficult this is going to be as we move forward, but i'm pleased. thank you so much. i yield to the gentleman from new jersey who has joined our caucus. representative donald payne junior. pain pain mr. speaker, let me -- mr. payne: let me
years, and we can build on it by smartly deploying our technology, personnel and programs along the border. i must say parenthetically, a lot of the people that come to this nation don't necessarily come through the border. 40, 50% of them just stay longer than they intended to. we need to thoughtfully design temporary worker programs that would allow employees to use with immigrant labor when the u.s. workers are not available. more to say about that in the q&a. outdated and overly-restricted visa policies are depriving america of both the high and low-skilled workers that we need. we need a visa system tied to market demands, and it must go beyond high-skilled, seasonal and agricultural workers. and include other areas where employers face demonstrated labor shortages. home health care aides and nursing home workers are prime examples. the caps should go up when the economy is strong and be adjusted down when the economy is not. as i mentioned, we need to expand the number of green cards for foreign nationals who graduate from our colleges and universities with advanced degree
in the country since the boston big dig. but when you see this thing, you will be blown away by the technological innovation and the quality of that work. mike, in the front row, is partnering with indiana to build a $2.5 billion pair of bridges crossing from indiana into louisville. and mike told me a month ago when they opened the bids on the design built proposal that will build the ken if you canny, one of the two bridges, they got a very pleasant surprise about a 10% savings, 90 million. instead of a 900--plus-million project. let's hear it for mike hancock. [applause] >> mike is going to be our incoming president. curt was our president has yesterday. secretary lahood joined governor snyder and curt to dedicate this facility last july. and -- the heaviest border crossing the u.s. has with either mexico or canada is detroit-windsor and the canadians are going to finance this facility. but it's going to dramatically improve the flow between the auto industry and those two population centers and detroit. and i see joe macdonald. has been receiving the tapanzee bridge in new york a few months a
on technology already developed by the esa and will free up lockheed martin to work on other things for the program rather than build the module. the price tag on the initial price tag is around 150 million euros, or $200 million. >> this is the start of an extended cooperation and of course, we can imagine that in the further path, we can expand on that. >> reporter: this is proof that the exploration of deep space is becoming an international endeavor. there is still much uncertainty, though, as to where that might take us. to an asteroid, the dark side of the moon, or mars. but with this vehicle, nasa says we will be able to get there. >> you don't design a car to just go to the grocery store. you design a car that can go to the grocery store, go to the shopping mall, maybe drive across the country, you know, do other things. >> i want my car to go to mars. >> to mars. >> mm-hmm. >> manned mission to mars, that would be really cool. >> my car doesn't have a bumper right now by the way. oh, lookit! rocket muller. i'm going to get you a train. >> where am i, on another planet there
drive at highway speeds the whole length of the pike and let technology collect your toll? imagine that the interchanges on 128 were you didn't have to add 45 minutes to the rush shower commute to get through the bottle neck. our citizens do not want less transportation. they want more. they do not want us to spend more on the same old thing. or just move money around from one idea to the next. they want us to invest in a disciplined and strategic way in the things that improve, quality of their lives and grow their opportunities. this past monday, the department of transportation showed us how. what we need to properly operate the system we have, and to add those few additional prompts that unlock growth and opportunity in long neglected part of the country. ask education the transportation plan shows specific needs we all knew were -- and just as in education meeting those needs demands new revenue. now there is no good time to raise taxes. this is the point i knew this speech where silence would fall over. [laughter] i know just as clearly as possible how tough the times have be
. studying in science and technology to the second question from the audience, does the debt ceiling still have a practical purpose? could be eliminated without much consequence of? >> does what? >> the debt ceiling. >> no, it doesn't really have -- it's got symbolic value i guess, but no other country i believe, maybe one or two of the countries but i think essentially no other countries in the world have this particular institution. just so everybody understands what it is, the congress appropriates $100, tells the government to spend $100 on whatever, and then it raises $80 in revenue through its tax code. now, there is arithmetic here. so says you've got to borrow $20, right? no. the congress has to give a third row which has 100 minus 80 equals 20. there really is, if the congress is approving spending and its approving taxing, and those two things are not equal, then this kind of logically, there's got to be something to make up the difference and that difference is borrowing. i'm not saying that deficits and debt are a good thing or a blessing that at all but the way to address it i
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